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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Want Income? Here Are A Few Ideas |
DAilY MARKETS - June 16, 2010 - by Thomas Smicklas
For some reason, many investors look for yield in the wrong places. How about those “can’t miss” accidental high yields from the likes of BP? Are you satisfied hoping that, over time, yields will grow on common stock when the paradigm is changing before our eyes?
Here are a few preferred stocks that merit attention from income-oriented investors that in most cases will also have some upside call protection.
My favorite is Archer Daniels Midland Preferred A (ADMpA).Yielding 8.57% and trading at $37.62/share, ADMpA has a call at $50.00. It trades an average of 73,000 shares/day. This security has a 52-week trading range of $33.80-$51.81.
Another is HRPT Properties Trust(HRPN). Yielding 7.65% and trading at $19.61/share, HRPT has a call of $20.00. It trades an average of 16,000 shares/day. This security has a trading range since issue of $18.58-20.35.
Prudential Financial Inflation-Linked Notes (PFK). Want yield plus inflation protection? Yielding 4.58% and trading at $24.82/share, PFK has a floating rate based upon the CPI plus 2.40%. It has a call of $25.00. It trades an average of 28,000 shares/day. This security has a 52-week trading range of $17.35-25.51.Of interest, this security pays a monthly dividend.
If one is inclined to look at ETFs, you may wish to explore several of the preferred ETFs such as iShares’ PFF ETF, which most readers are familiar with. One not so well known is the Barclays Capital Convertible Securities ETF (CWB), which invests in many interesting convertible securities and has a current yield of 4.74%. CWB trades at $33.21 and pays a monthly dividend. The market cap is 276m.
These ideas may entice you to explore the world of overlooked and not infrequently mispriced preferred securities. Each security has specific characteristics, some good and some dicey. And always remember to avoid market price orders. Know your “limit”.
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
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